The restructuring includes a voluntary retirement offer and "rationalization and optimization" of certain DCs, stores and other facilities.
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Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
The figures reflected a broader industrial supply demand slowdown, though Grainger's 4Q growth deceleration was less than most public firms that have reported so far. Get our full breakdown here.
SBD's Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
The MRO supplies distribution giant expects the 1.2-million-square-foot facility to open in 2026.
Joyce Orlob Evans — the daughter of the company's founder — played an active role in the MROP distributor throughout her life.
See our full breakdown of 3M's 4Q numbers, which showed that roofing granules were the only industrial category to see decent growth.
Based in Mississauga, metalworking supplies distributor KAR had 2023 sales of about $16 million.
The distributor returns as a multi-race primary partner in the NASCAR Xfinity Series and will debut in the Cup Series.
It’s the third time in 4 years that 3M has garnered the honor.
Zoro said the space on the 39th and 40th floors of the Accenture Tower, reflects its commitment to inclusion, connection and planting roots.
Fourth quarter sales, profits and margins all edged up from a year earlier, and December daily sales topped November's. Get our in-depth breakdown here.
The figures signalled a bumpy period for fellow metalworking and MRO supplies distributors.
DXP Enterprises enhanced its water platform's geographic reach and capabilities with the addition of Hennesy Mechanical Sales.
MachiningCloud users can now directly purchase tooling from MSC within the MachiningCloud application.
It strengthens Stellar's product offering in the U.S. mid-south and further enhances its VMI and cost savings program.
Specializing in cutting tools, abrasives, coolant and MRO Supplies, Alro is a subsidiary of metals and plastics distributor Alro Steel Corp.
See the top latest accomplishments out of the metalworking and MRO supplies distributor's ESG efforts.
